The IRS just raised the 1099 reporting threshold from $600 to $2,000 for payments made in 2026 — the first change since 1954. But no form in your mailbox does NOT mean no tax owed. In this video: what the new $2,000 line covers (1099-NEC and 1099-MISC), why the threshold is counted per payer (three clients paying $1,500 each = $4,500 earned, zero forms), why the 1099-K line for PayPal, Venmo, Etsy and eBay is back at $20,000 and 200 transactions, and the real math — about $1,800 owed on $5,000 of side income. Plus the three steps that keep a missing form from turning into a penalty: track every dollar, set aside 25–30%, and pay quarterly estimated taxes.
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Educational content, not financial advice.
